22.6% 268,346 Clients
Incorporated in 1995, IIFL Securities, part of IIFL Group, is one of the largest independent full service stock brokering house serving retail and institutional clients. IIFL Group is a leading financial service provider in India offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service a...
Do you have questions about IIFL Securities share trading account or IIFL Securities Demat account?
Get all your share trading doubts and questions answered by reading the IIFL Securities demat, trading account information FAQ. All IIFL Securities questions, IIFL Securities q&a, IIFL Securities faq and IIFL Securities questions and answers.
The IIFL Demat account can be deleted or closed by filling and submitting a physical account closure request form to the required address of the IIFL branch/office as per the instructions given. It is a completely offline process and cannot be done online or by contacting customer support.
Steps to delete IIFL Demat account
Please Note:
ICICIdirect, Angel Broking, HDFC Securities, Kotak Securities, and Sharekhan are amongst the top competitors of IIFL Securities.
IIFL Securities, formerly known as India Infoline, is one of the biggest full-service stockbrokers in India. IIFL has a strong research team providing the best advisory services to its customers. The company offers a wide range of trading and investment opportunities in equity, commodity, currency, and derivatives. IIFL also offers various other financial products like Mutual Funds, IPOs, Bonds, Insurance, Loans. and FDs.
To become an IIFL partner, you need to submit your basic details and type of partnership business model in the partner inquiry form available on the company website. An IIFL representative will then connect with you to understand your objectives, interest, experience, capital, and take you through the entire partnership program details.
IIFL offers four types of business models to partner with IIFL. You can partner with IIFL as:
The objective, eligibility criteria, and capital requirements for each of them different. You need to choose the business model that best suits your requirement, interest, and capacity. IIFL will provide you the required training and support to help you set up your partner model. Recently, IIFL has launched an advisory platform called AAA - Advisor Anytime Anywhere as a one-stop solution for its entrepreneurs to become independent financial advisors.
To avail trading and investment services of IIFL, you need to open a trading & Demat account and link it with your savings bank account. To invest in mutual funds, you need to open a separate account called 'IIFL Mutual Fund Account'. All the securities bought through the trading account will be held in the Demat account linked to it.
IIFL offers 3 different brokerage plans to its customers:
You can choose any of the plans at the time of opening the account. You also have the flexibility to switch between accounts at any time. The brokerage is charged as per the chosen plan. You also have to pay other fees and taxes based on your transactions.
You can place buy/sell orders through IIFL in multiple ways either through your mobile or desktop/laptop:
Note: It is not mandatory to open a Demat account if you already have an existing Demat Account with another broker. However, it is advisable to open trading and Demat account with one broker for seamless transactions.
IIFL Securities charges Rs 0 Annual Maintenance Charge (AMC) for a trading account and Rs 250 (Free for first year) for a Demat account. AMC is charged to maintain the accounts.
IIFL Securities charge 0.25% for equity delivery trade. These trades are also known as cash & carry trades or CNC.
IIFL Securities charge 0.025% for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.
IIFL Securities charge 0.025% for equity, currency and commodity futures trading.
IIFL Securities charges Rs 25 per lot for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.
IIFL Securities brokerage charges for commodity futures is 0.025% and commodity options is Gold Rs 125 | Silver Rs 80 | Crude Oil Rs 80. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.
IIFL Securities charge 0.025% or Rs 20 per lot for currency futures trading and Rs 8 per lot for currency options trading.
Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.
Segment | Transaction Fee |
---|---|
Equity Delivery | Rs 325 per Cr (0.00325%) |
Equity Intraday | Rs 325 per Cr (0.00325%) |
Equity Futures | Rs 210 per Cr (0.0021%) |
Equity Options | Rs 5100 per Cr (0.051%) (on premium) |
Currency Futures | Rs 210 per Cr (0.0021%) |
Currency Options | Rs 5100 per Cr (0.051%) (on premium) |
Commodity | Group A - Rs 280 per Cr (0.0028%) |
Yes. IIFL Securities offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.
Yes. You can buy/sell Mutual Funds if you have an account with IIFL Securities.
Yes. IIFL Securities provide margin funding.
Yes. IIFL Securities provide trading tips for stock and commodity trading to its customers.
Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer
Information on this page was last updated on Thursday, October 29, 2020
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